Deutsche Bank AG Reaffirms “Buy” Rating for Ibstock plc (IBST)

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Ibstock plc (LON:IBST)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank AG in a note issued to investors on Wednesday.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 240 ($3.20) price target on shares of Ibstock plc in a report on Friday, May 27th. Barclays PLC cut their price target on Ibstock plc from GBX 245 ($3.26) to GBX 185 ($2.46) and set an “overweight” rating on the stock in a report on Thursday, June 30th. Jefferies Group began coverage on Ibstock plc in a report on Thursday, June 2nd. They issued a “buy” rating and a GBX 260 ($3.46) price target on the stock. Finally, Beaufort Securities restated a “buy” rating on shares of Ibstock plc in a report on Monday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 192.20 ($2.56).
Ibstock plc (LON:IBST) traded down 1.29% during mid-day trading on Wednesday, reaching GBX 167.80. The company’s stock had a trading volume of 551,045 shares. The stock’s market cap is GBX 681.11 million. Ibstock plc has a 52-week low of GBX 113.20 and a 52-week high of GBX 227.20. The company has a 50 day moving average of GBX 163.96 and a 200-day moving average of GBX 181.58.

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The business also recently announced a dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, August 18th will be issued a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date is Thursday, August 18th. This represents a yield of 1.57%.
Ibstock plc Company Profile
Ibstock plc (Ibstock) is a United Kingdom-based brick manufacturer. The Company manufactures clay bricks and concrete products with operations in the United Kingdom and the United States. The Company operates through four businesses: the United Kingdom business consisting of Ibstock Brick, Supreme and Forticrete, and the United States business consisting of Glen-Gery.

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